Note 7 - Premises and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 7. PREMISES AND EQUIPMENT

The following table presents the major components of premises and equipment at December 31, 2015 and 2014.

(Amounts in thousands)
Premises and Equipment	2015			2014
Land	$	1,508		$	1,915
Land improvements		195			195
Bank buildings		9,099			9,099
Furniture, fixtures and equipment		9,743			8,795
Software		1,625			1,596
Assets not yet placed in service		295			588
Total premises and equipment		22,465			22,188
Less: accumulated depreciation and amortization		(11,393	)		(9,894	)
Premises and equipment, net	$	11,072		$	12,294

We record depreciation expense on a straight-line basis for all depreciable assets. Depreciation expense totaled $1.5 million, $1.3 million, and $993 thousand, for the years ended December 31, 2015, 2014 and 2013, respectively. We have entered into a number of non-cancelable lease agreements with respect to various premises. See Note 15, Commitments and Contingencies in these Notes to Consolidated Financial Statements for more information regarding rental expense, net of rent income, and minimum annual rental commitments under non-cancelable lease agreements.